US CPI slowed to 4.0% yoy in May, core CPI down to 5.3% yoy

US CPI rose 0.1% mom in May, below expectation of 0.3% mom. CPI core, all items less food and energy, rose 0.4% mom, matched expectations. Food index rose 0.2% while energy index declined -0.3% mom. For the 12 months, CPI slowed from 4.9% yoy to 4.0% yoy, below expectation of 4.2% yoy. That’s also the […]

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